Seven Aussie startups that raised $495.8 million this week
Weekly roundup of seven Australian startup raises, led by Airwallex's Series F, plus EatClub, Kite Magnetics, Termina, Preve, Foremind and Liveheats.
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Company
Every investor coverage indicates participated in a round 86 400 raised.
The transaction that ended 86 400's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| NAB | Acquisition | Jan 2021 | $220m | Startup Daily (4 Mar 2024), Australian FinTech (17 Jan 2023), Startup Daily (21 Dec 2022), Startup Daily (30 Jun 2022), Startup Daily (29 Jun 2022), SmartCompany, Australian FinTech (9 Feb 2022) |
Companies 86 400 acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Robert Bell | Founder and ex-CEO (former) | SmartCompany (23 May 2025), SmartCompany (21 May 2025) |
| Travis Tyler | Chief Product & Marketing Officer (former) · Founder | Australian FinTech (17 Jan 2023), Australian FinTech (16 Dec 2021) |
| Belinda Hogan | CFO (former) | SmartCompany (23 May 2025), SmartCompany (21 May 2025) |
Stories naming 86 400. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup of seven Australian startup raises, led by Airwallex's Series F, plus EatClub, Kite Magnetics, Termina, Preve, Foremind and Liveheats.
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Sports scoring software maker Liveheats has secured $1.3 million in seed backing from five individual backers to grow its product and sales teams and expand into the US and Europe.
Avenue Bank, a Sydney lender to small businesses, has obtained a full banking licence from APRA, 18 months behind schedule; the article recalls its $37m Series B, Liberty's backing, and neobank failures and sales.
Startup Daily reports neobank Volt is winding up, returning deposits and selling its mortgage book after a failed capital raise, recapping earlier raises by Judo Bank and Alex plus past neobank failures and acquisitions.
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Volt, Australia's first licensed neobank, is closing its deposit-taking business and handing back its banking licence after global capital raising failed, telling customers to move funds; the article recalls Xinja, 86 400 and Judo outcomes.
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KPMG's half-yearly fintech report finds Australian fintech funding rebounded in 2021, recapping local raises, listings and acquisitions alongside record global deal figures and a bullish outlook for 2022.
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Zip Co has hired Travis Tyler, previously a founding leader at neobank 86 400 with past roles at Westpac and St George, as its Australian Chief Product Officer, starting January 2022 and joining the ANZ leadership team.